 Good morning everyone, it is Monday and we are on the floor of the New York Stock Exchange with Jim Cramer to talk about the markets. Jim, let's start off with stocks at new record highs, $2,507 in the S&P 500. Yeah, there's a lot of groups that are doing well that are unexpected. Autos are doing well, housing is doing well, airlines are struggling, but truckers doing better. I'm seeing tremendous numbers out of the rails. Look at KSU, that's the car railroad up from Mexico. We also have, I think, nascent base building in the oils, which is pretty amazing. And then we had biotech move a lot, and we had the big drug companies move a lot. And those are weak dollar plays. So there's a lot of forces coalescing on white volume. And in the interim, we do not have any real big data this week, but remember, we're in a sweet spot and that 19% of the market actually, that is doing nothing, financials, wants very much for rates to go higher. So when you're in a situation where people are talking about a temper tantrum or a tape, tape, trance, and whatever, all I can tell you is the Fed is irrelevant right now. Because if the Fed does something, it tightens, the market goes higher, and if it does nothing, the market could go higher. Unless there's an exogenous event, and obviously an exogenous event is one we can't necessarily think about, South Korea, North Korea. But it's interesting because I think that the orbital deal is very North Korea, South Korea oriented. That's that acquisition by North Korea. Yeah, what is your view of defense stocks right now? I've liked them all, and I've liked them for a long time. I like Mocky Morton, I like Ray Theon very much. General Dynamics, not as much. Bob Lang is like that for trifecta. He did a piece for us off the chart segment. Here's the thing that people have to recognize about defense stocks. There's not a lot of them. That's why people like Kratos. I mean, there's just not a lot of defense companies because they merge, merge, merge, merge, merge. And now with Trump being the salesperson in chief for us, when it comes to weapons, and when you look at Boeing being a great company, this group remains hot, and I don't think it's going well. And, Jim, we know September is typically the worst month of the year for the stock market. There's an article in Real Money about how this week is actually the worst week of the year for the market. Well, I think that's important. I think that what's happened is that it's interesting. This is a Jewish holiday week, and there's been some time, a lot of volatility there, in part because there's not as many players. Someone wants to hit the market down, they can do it. I point out that General Mills, FedEx, not much else this week, so it would have to be on something from outside the realm because there's just not a lot of information that things are trading with. All right, Jim, let's talk about NVIDIA. The stock is up over 5% since your AAP call last week. What an incredible call. Well, thank you. We tried to get everyone in the club, the stock that we pushed the hardest in the club call. People have to recognize that in the club call we try to do our favorite stock. We try to flesh out why we just bought something. We give you our overview and we answer your questions, because we're very interactive, and we kept coming back to NVIDIA being an undervalued stock in relation to what people don't understand. They think it's a crypto mining play. Well, it's got some crypto mining, as mentioned in the conference call. It's really artificial intelligence, machine learning, it's voice, which is so important. It's autonomous driving. Its data center business is fantastic, and when you have all of those trends coalescing, you can see why a stock will go higher. Well, it has quite a price target raised by Bank of America this morning. Yeah, they did it again, and that piece is a good piece. I mean, I think that what people have to recognize is that the stock was stalled because of a data center transition chip and because of a belief that China's going to shut down Bitcoin. And when you have a stock that's as hot as NVIDIA, it really shouldn't be able to take, it should go down on these things, but what it did was just stall, and what just stalled because the product transition on the data center is going to be solved, and because the Chinese did not ban crypto mining, they just banned Bitcoin. So now, I just don't want this stock to be associated with cryptocurrency. I think there's so much more to it. What did you make of Caterpillar's upgrade at UBS? Well, the Caterpillar upgrade is a lot of it has to do with streamlined. A lot of it has to do with a $14 number. I've always thought that if we ever get to $10, it would be a big deal. A lot of it is because a lot of people are short caterpillars. You know, there's an underlying base of certain companies that have been shorted and shorted aggressively. The E&P companies, the disk drive companies, Caterpillar. These were plays Caterpillar made a number of mistakes in China, a belief that when you see copper going down, coppers at a kind of a critical level, that you should go against Caterpillar. But what people don't realize is the demand for pipelines in this country and the demand from the rebuilds for Florida and Texas are going to be gigantic for Caterpillar. Are people underestimating these rebuilds in Florida and Texas? I think they are because these are not waiting for federal good. Katrina was a very underinsured area that needed federal help. Both Florida and Texas were fully insured areas where a lot of people are going to be able to get. Fully insured for auto in Texas and fully insured for wind because Florida's got such standards. I just think that what people don't recognize is that, as I've been saying, the checks in the mail. There's going to be money toward these areas. So if you look at, like, a car max, which reports, if you look at a GM, that breakout in GM, I don't think people realize how hard it is to have a breakout in a stock that is really lagged. That is not about China and electric cars. That is really about the demand for cars and trucks. Jim, let's move on to Facebook. Congress is concerned about Russia propaganda ads ahead of last year's election. How are you watching this? Well, I mean, I think, look, this is a newsy story, but the takeaway is incorrect. The takeaway should be this, that Facebook has so much advertising that it was, like, difficult to kind of figure it out that the Russians were even doing this. And it's just they've got such a quantity of page views that it's not like they can control their channels. The repercussions might be like Proctor, where Proctor pulled back from some advertising, but I don't think, I think that what will really end up happening is that Facebook will cooperate, they'll give them the information, and advertising will continue. All right, meanwhile, Hewlett Packard Enterprise actually has four activist investors as shareholders according to a Bernstein note. Yeah, you know, you've got to have numbers. I don't see the numbers there. I don't know how they bring out more value. I think they're certainly trying, but like Cisco, they're caught up in a big move from off-premise to off-premise to the cloud, and there's a lot of companies duking it out for the on-premise and not that many for the cloud, and Oracle did not have a blowout quarter for the cloud. I think you play cloud as Salesforce, Salesforce, Salesforce. Yes, you said that before. All right, Jim, let's end with earnings to watch. We have three I want to talk about. We talked a little bit about the storms earlier. What are you expecting from AutoZone's quarter? I think AutoZone is a place you go to buy a car, and that means that Houston's going to give it a lot of business. All right, how about FedEx? I think FedEx has a cyber hack that is going to drive the numbers down, and you wait till that's supported, and then you buy it. Adobe? Adobe is just a red-hot stock, and you know, it's only up to $155. We sold it. We had a 30% gain for Action Alert. I thought we were being greedy. If that was wrong, stock maybe goes down $5, $6. So on a mediocre number, you buy it. All right, Jim Cramer, we'll leave it there. Thank you so much. As always, for more information on the stocks Jim mentioned, please head back to TheStreet.com.